Yesterday we got the release of the Royal Commission report into the banks. Justin was all over it: Heading into the report in previous months Australia bank shares had taken a caning. As I suggested yesterday though it was case of ‘buy the fact’.
Highlights of the Fed’s senior loan officer survey This argues for the Fed remaining dovish. ForexLive
The thing about the February meeting of the RBA is the Bank has not had a meeting since December and communication from officials has been light during the past 8 weeks (or whatever it is) since that meeting.
Comments by ECB governing council member Ewald Nowotny – Doesn’t see a recession in Europe – Uncertainty is high – ECB is data-driven ForexLive For the time being, . I reckon arguing for a case that core inflationary pressures will accelerate is a bit far-fetched for now given that it didn’t tick significantly higher throughout…
Some brief snippets from Barclays on the Reserve Bank of Australia meeting today: RBA decision (Tuesday) and Statement on Monetary Policy (Friday) are unlikely to support market pricing of 15bp of cuts over the next year.
Reserve Bank of Australia policy announcement is due on Tuesday 5 February 2019 at 0330GMT Previews poste earlier can be found here: This now (in brief) from TD. The previews is titled ? and TD is quick with the answer …. no (bold bit, bolding mine):
More comments from BOJ deputy governor Amamiya – BOJ has several tools if it needs to ease further – Can deploy them individually or combinations of them if need be ForexLive
BOJ deputy governor Masayoshi Amamiya on the wires – Fed policy that keeps US economy strong is good for Japan’s economy too – FX rates move on various factors in the short-term ForexLive
GS assessment of the Federal Open Market Committee and Powell Jumping straight to the bank’s ‘Bottom Line”: We viewed both the January statement and press conference as dovish and have reduced our subjective odds of a March hike to less than 5% (from 10% previously) and our Q2 hike probability to 25% (from 55% previously).…
Bank of Japan Deputy governor Amamiya Sticking to script. – Is mindful that BOJ policy could destabilise financial markets but the risk is not large